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Investing.com - Cantor Fitzgerald has reiterated an Overweight rating and $16.00 price target on Intuitive Machines Inc. (NASDAQ:LUNR) following the company’s recent contract announcement. The stock, currently trading at $10.86, has seen significant volatility with a -17.3% return over the past week, though analysts see nearly 50% upside potential. According to InvestingPro analysis, the company shows strong revenue growth of 61.5% in the last twelve months.
The space technology firm secured a $9.8 million phase two Orbital Transfer Vehicle (OTV) government contract on July 30, which advances the project through Critical Design Review.
Cantor Fitzgerald noted that this contract was awarded outside of NASA, reflecting Intuitive Machines’ efforts to diversify its customer base and expand beyond lunar delivery into broader space mobility solutions.
The OTV is being designed to provide agile and efficient transportation of payloads weighing up to 2,100 kg, according to the research firm’s analysis.
Intuitive Machines is targeting to begin manufacturing of the Orbital Transfer Vehicle in 2026, positioning the company for potential growth in the space transportation sector. While the company maintains a strong liquidity position with a current ratio of 4.39, investors should note that according to InvestingPro’s Fair Value analysis, the stock appears to be trading above its intrinsic value.
In other recent news, Intuitive Machines Inc. reported its first-quarter 2025 financial results, showing a revenue of $62.5 million. This figure represents a 14% increase from the previous quarter, although it declined by about 14% compared to the same period last year. Despite the revenue drop year-over-year, the company exceeded analysts’ expectations by approximately 12%. The adjusted EBITDA loss for the quarter was $6.6 million, marking a sequential improvement of 41.2%. Additionally, Intuitive Machines achieved positive free cash flow for the first time.
In terms of analyst activity, Craig-Hallum initiated coverage of Intuitive Machines with a Buy rating, setting a price target of $17. Cantor Fitzgerald also raised its price target from $13 to $16 while maintaining an Overweight rating, citing the company’s strong positioning in the expanding space economy. Canaccord Genuity lifted its price target slightly to $21.50, keeping a Buy rating, and highlighted the company’s advancements in key programs like the Commercial Lunar Payload Services. These developments underscore the growing confidence in Intuitive Machines’ strategic direction and financial performance.
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